Oil prices fell in early trade on Thursday, extending the previous day’s losses, as reports of Saudi Arabia offering extra crude cargoes through Oman reduced fears of supply disruptions in the Middle East. Brent crude futures dropped $1.24, or 1.2%, to $104.59 a barrel by 0049 GMT, while US West Texas Intermediate futures were down $1.14, or 1.1%, at $101.29. Both contracts fell about $3 on
Pakistan Stock Exchange (PSX) began the week on a sharply negative note on Monday as escalating Middle East tensions and concerns over oil supply triggered a broad-based sell-off, wiping out more than 2,500 points from the benchmark KSE-100 index by the close. The plunge came as crude prices surged, raising fears about the impact of higher energy costs on oil-dependent economies and corporate p
Worldcall Telecom Limited (PSX:WTL) has been placed once again in the "Non-Compliant Segment" of the Pakistan Stock Exchange (PSX), effective September 16, 2026, after the Sindh High Court dismissed the company's application seeking interim relief against the move. Consequently, the National Clearing Company of Pakistan Limited (NCCPL) has also excluded WTL from the list of eligible securities
The Amreli Steels Limited (PSX: ASTL) swung to a net profit of Rs547.92m for the year ended June 30, 2026, reversing a loss of Rs3.81bn recorded in the corresponding period last year a complete earnings turnaround driven by an exceptional gain on debt restructuring and a substantial reduction in finance costs. Showing this sharp recovery, the company's basic and diluted earnings per share (EPS)
Pakistan’s insurance industry is growing, but insurance penetration remains extremely low, CEO State Life Shoaib Javed Hussain said. He said 42 insurance companies are operating in Pakistan, with total sector assets reaching Rs4 trillion and annual insurance premiums standing at Rs708 billion. Insurance companies have collectively paid around Rs450bn in claims. Despite the sector’s growing s